Ruling on AIB next week

THE High Court will rule next week on an application by AIB for an injunction against a number of former executives and a rival company the bank claims conspired to take over the clients, business and staff of AIB’s International Financial Services (IFS) business.

AIB is seeking orders against the six and several European-based financial services companies from using what the bank claims is confidential information and from approaching IFS’s clients pending the full hearing of the trial.

The defendants, who deny any wrongdoing, have argued the court should not grant the injunction.